13 August 2012 10:16 [Source: ICIS news]
The crack spread for September narrowed to $96.60/tonne (€78/tonne), down 3.1% from $99.65/tonne achieved on Friday.
Open-spec naphtha prices in Asia rose by $4.00/tonne from Friday’s close to $947.00-949.00/tonne CFR Japan on Monday, tracking higher global crude futures stoked by heightened geopolitical tensions in the Middle East.
Meanwhile, northeast Asian ethylene margins fell by $155/tonne in the week ended 10 August to minus $23/tonne – a nine month low, according to ICIS Weekly Margin report.
($1 = €0.81)
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